BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The Contracts which are enforceable in a court of law are called Valid Contracts. If one party to the contract has the option of enforcing a contract by law, but not at the option of the other or others, it is a voidable contract.

Detailed explanation-2: –All agreements are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void."

Detailed explanation-3: -An enforceable contract is a written or oral agreement that can be imposed in a court of law. If the law permits enforcement of a contract, execution of an agreement is the obligation of the assenting parties. Terms may not be violated or breached without causing the contract to void.

Detailed explanation-4: -A void contract differs from a voidable contract because, while a void contract is one that was never legally valid to begin with (and will never be enforceable at any future point in time), voidable contracts may be legally enforceable once underlying contractual defects are corrected.